Digi International, Inc. (NASDAQ:DGII) shares, rose in value on Friday, August 09, with the stock price down by -1.31% to the previous day’s close as strong demand from buyers drove the stock to $27.22.
Actively observing the price movement in the last trading, the stock closed the session at $27.58. The PE ratio was 59.45 over 12-month period. Referring to stock’s 52-week performance, its high was $33.80, and the low was $20.17. On the whole, DGII has fluctuated by 16.57% over the past month.
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Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 424.67M, with a low estimate of 103.59M and a high estimate of 111.9M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 106.2M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DGII’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.50, with the price of DGII currently trading nearly 7.78% and 14.00% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.71, while the 7-day volatility ratio is showing 8.80% which for the 30-day chart, stands at 5.16%. Furthermore, Digi International, Inc. (DGII)’s beta value is 1.06, and its average true range (ATR) is 1.44.
A comparison of Digi International, Inc. (DGII) with its peers suggests the former has fared considerably weaker in the market. DGII showed an intraday change of -1.31% in last session, and over the past year, it shrunk by -12.22%%.
Data on historical trading for Digi International, Inc. (NASDAQ:DGII) indicates that the trading volumes over the past 3 months, they’ve averaged 219.44K. According to company’s latest data on outstanding shares, there are 36.06 million shares outstanding.
Nearly 3.14% of Digi International, Inc.’s shares belong to company insiders and institutional investors own 99.21% of the company’s shares. The stock has risen by 4.69% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DGII stock heading into the next quarter.
